Holding 10% In Cash And Looking For Bargains

Great investment ideas have been hard to come by, but we're looking.

I have been quiet recently regarding the management of the Covestor Margin of Safety portfolio because there hasn’t been much to talk about. The economy continues to slowly chug along with housing showing strength – though perhaps not as much as we’d like.

Stocks had a rocky summer, although we hesitate to call it a correction. Still, we have been and continue to be happy to maintain at least a 10% cash position for the screaming bargains that will inevitably come at some point. Great investment ideas have been hard to come by, but there are always a few on the horizon.

The investments discussed are held in client accounts as of September 30, 2013. These investments may or may not be currently held in client accounts. The reader should not assume that any investments identified were or will be profitable or that any investment recommendations or investment decisions we make in the future will be profitable.

Covestor Ltd. is a registered investment advisor. Covestor licenses investment strategies from its Model Managers to establish investment models. The commentary here is provided as general and impersonal information and should not be construed as recommendations or advice. Information from Model Managers and third-party sources deemed to be reliable but not guaranteed. Past performance is no guarantee of future results. Transaction histories for Covestor models available upon request. Additional important disclosures available at http://site.covestor.com/help/disclosures. For information about Covestor and its services, go to http://covestor.com or contact Covestor Client Services at (866) 825-3005, x703.

Chris Olin

We are MCO Investments, a father-son investing team with both entrepreneurial and professional investment management experience. We focus on finding …